Corporate Governance Index And Firm Performance: A Systmatic Literature Review

Abstract

The concept of corporate governance has witnessed a surge in prominence over the past twenty years, with rising economies actively adopting and enhancing its implementation to achieve better outcomes. The objective of the review is to assess the extent to which the effects of corporate governance have impacted the performance of the firm. The present study employed scholarly journal articles, utilized a deductive technique, and incorporated the source of the review inside the reports. The researcher constructed a theoretical framework for the case study, drawing upon the insights and conclusions derived from the existing literature. The independent variable in this study is the corporate governance framework, whereas the dependent variable is the performance of the organization. The many functions fulfilled by organizational performances and the different types of corporate governance procedures exhibit both independent and interdependent characteristics. Based on the study conducted, it has been shown that various corporate governance practices have an impact on the performance of organizations. Moreover, it has been observed that the implementation of improved corporate governance processes has the potential to boost performance across all dimensions.